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A major market correction has pushed many stocks to 52 week lows, and many insiders are taking advantage of this opportunity. The amount of insider buying has surged in the last couple of weeks. When you see insider buying at depressed prices, it often means the shares are oversold and offer great long term value. I have provided links for each stock which verifies the insider buying filed with the SEC below. Here are the stocks:

China TransInfo Technology Corp., (CTFO) is trading around $3.30. China TransInfo produces software solutions primarily for use in the transportation sector and is based in China. These shares have traded in a 52 week range between $2.07 to $6.50. The 50-day moving average is $3.37 and the 200-day moving average is $4.26. Earnings estimates for CTFO are at 70 cents per share for 2011, and 84 cents per share for 2012. The book value is reported to be $4.34. After a big drop in the stock price, it appears that the CEO (who has been making repeated insider buys) is doing some bargain hunting.

American Axle (AXL) shares are trading at $8.37. AXL is a leading manufacturer of automotive components. The 50-day moving average is about $9.79 and the 200-day moving average is about $11.87. Earnings estimates for AXL are $1.79 per share in 2011. The PE ratio is about 5. This stock is a bargain and one of my favorites for a rebound. The CFO has been repeatedly buying shares in lots of 2,000 to 3,000 per transaction. You can see the repeated insider buying here.

Rexahn Pharmaceuticals, Inc., (RNN) is trading around $1.17. Rexahn is a biotechnology company, based in Maryland. This company is working on treatments for cancer, central nervous system disorders, sexual dysfunction, and other medical problems. These shares have traded in a range between 89 cents to $1.19 in the last 52 weeks. The 50-day moving average is $1.09 and the 200-day moving average is $1.25. A director has recently bought over 75,000 shares just in the past few weeks. You can see the repeated insider buying here.

Frontier Communications Corporation (FTR) is trading around $7.12. Frontier is a telecommunications company, based in Connecticut. This stock pays an annual dividend of 75 cents which provides a yield of 10.8%. These shares have traded in a range between $6.29 to $9.84 in the last 52 weeks. The 50-day moving average is $7.18 and the 200-day moving average is $7.93. An officer recently bought 40,000 shares just in the past two weeks. You can see the repeated insider buying here.

Chesapeake Lodging Trust (CHSP) is trading around $12.31. Chesapeake is a real estate investment trust company, with a focus on hotels and is based in Connecticut. This stock pays an annual dividend of 80 cents which provides a yield of 6.8%. These shares have traded in a range between $11.59 to $20.22 in the last 52 weeks. The 50-day moving average is $14.71 and the 200-day moving average is $16.84. The CEO recently bought 12,500 shares just in the past two weeks. You can see the repeated insider buying here.

Coldwater Creek (CWTR) shares are trading at $1.71. The 50-day moving average is about $1.14 and the 200-day moving average is about $2.21. Coldwater shares hit a 52 week high of $5.89 earlier this year, and have dropped on poor results and fears of a new recession. Earnings estimates for CWTR are for a loss of $1.11 per share in 2011 and a loss of 67 cents for 2012. The CEO has recently bought hundreds of thousands of shares. You can see the insider buying here.

SkyPeople Fruit Juice, Inc., (SPU) is trading around $2.35. SkyPeople is based in China and makes a variety of fruit juice beverages. These shares have traded in a range between $1.95 to $6 in the last 52 weeks. The 50-day moving average is $2.59 and the 200-day moving average is $3.63. Earnings estimates are 86 cents for 2011 and $1.11 for 2012. The book value is stated at $4.99. The CEO recently bought about 10,000 shares and has been buying repeatedly over the past months. You can see the insider buying here.

The data is sourced from Yahoo Finance and Insidercow.com. The information and data is believed to be accurate, but no guarantees or representations are made. Rougemont is not a registered investment advisor and does not provide specific investment advice. The information contained herein is for informational purposes only.

Source: 7 Big New Insider Stock Buys